bitcoinpulse:

#Helsinki

bitcoinpulse:

#Helsinki

2 months ago 1 ♥
bitcoinpulse:

#bitcoinmining

bitcoinpulse:

#bitcoinmining

2 months ago 1 ♥
Seller Seeks $2 Million in Bitcoin for Real Yukon Gold Mine

bitcoinpulse:

The unnamed parent company of a Yukon, Canada, gold mine is now for sale on high-end bitcoin-only marketplace BitPremier for an asking price of $2 million in BTC.

The listing indicates that the more than 3,000 BTC price tag includes the gold mine itself and all its associated assets, including $1 million worth of actual mining equipment, the rights to one mining property and the lease agreement to another mining lot.

The ad suggests that the purchase could be a profitable one for the buyer as well, stating:

Continue reading at CoinDesk

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2 months ago 1 ♥
MIT Bitcoin App Contest to Award Innovative Developers $15K in Prizes

bitcoinpulse:

The MIT Bitcoin Project is hosting a summer-long competition that seeks new and innovative applications that incorporate digital currencies. Winners are eligible for numerous cash prizes totaling $15,000.

MIT BitComp, organised by the group that is giving $100 in bitcoin to every undergraduate this fall, will take place over three rounds between now and the end of August.

The goal, according to the organizers, is to invigorate the community ahead of the launch of what some are calling the world’s first “bitcoin economy”, a concept explored at the MIT Bitcoin Expo in May.

Continue reading at CoinDesk

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2 months ago 1 ♥
Price of Bitcoin increases over 30%: what happened during the past two weeks?

bitcoinpulse:

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The price of the world’s most famous cryptocurrency skyrocketed during the last two weeks. The price of Bitcoin went from less than $450, the value registered on 19th May, to a current value around $650.

This means a growth of more than 30 percent, as you can see below thanks to Bitcoincharts.com.

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Bitcoincharts

The surprising growth rate led CNBC to publish an article entitled “Bitcoin is back” on its website, where the business news television channel talks about a price jump of 80 percent between April and June of 2014.

Roger-Ver

Roger Ver

CNBC even talked to the cryptocurrency entrepreneur Roger Ver, also known as Bitcoin Jesus. “Recently more and more people are realizing how much of a world-changing technology Bitcoin is”, he said, adding that “we will see more and more of this until each Bitcoin is at least tens of thousands of dollars each. I think this will happen sooner than any of us expect”.

But, of course, CNBC was just one of the many platforms that decided to talk about Bitcoin in the last few days. The value spike has generated some speculation, especially after the publication of “The Willy Report”, a blog post recently published that denounced an alleged plot to manipulate the price of Bitcoin through the use of bots. The report also blames the bots for the theft of millions of dollars from the now defunct exchange Mt. Gox.

However, the publication of “The Willy Report” was not the only important thing that happened during the past two weeks. Let’s take a quick look at some of the recent events in the Bitcoin world that might have boosted this growth wave.

1. Euro Pacific’s Peter Schiff and Julian Assange decided to publicly support Bitcoin.

2. Three new Robocoin ATMs arrived in the United Kingdom.

3. DISH announced it will be accepting Bitcoin and claimed to be the largest crypto-friendly company so far.

50 Cent | Wikimedia

50 Cent | Wikimedia

4. A new patent awarded to Amazon might bring big changes to the Bitcoin ecosystem.

5. The association Bitcoin Australia launched a preemptive strike against cryptocurrency-related restrictive taxes.

6. Coinbase handed out Bitcoin to 20,000 college students as part of a massive giveaway.

7. The rapper 50 Cent decided to accept Bitcoin for his latest album, titled “Animal Ambition”.

8. Apple changed its terms of service and will now allow the presence of Bitcoin apps in its App Store, as long as they are compliant with the law.

2 months ago 1 ♥
Study: Speculation Isn’t the Sole Driver of Bitcoin Prices

bitcoinpulse:

There are a number of factors claimed by market-movers, observers and everyday investors as to what exactly influences the price of bitcoin. However, one new study has analyzed key drivers in the bitcoin market, and its findings could have an impact on how investors approach digital currencies in the future.

For example, the authors notably found that while there is a great deal of connectivity between the two, there is no clear evidence that the Chinese bitcoin market has a significant impact on activity in USD markets.

Entitled “What are the main drivers of the Bitcoin price?”, the paper by Ladislav Kristoufek of the Institute of Economic Studies at Charles University in Prague explores the economic, financial and perceptive catalysts for changes in the price of bitcoin. To do so, it leverages wavelet coherence analysis, a mathematical tool for data analytics, when examining information from the bitcoin market.

Continue reading at CoinDesk

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2 months ago 2 ♥
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